RE:RE:Promising start to the day................I've been writing about these 100 share cross trades for the past 6 months. You are correct it is pure manipulation.
I agree the management of LEG is pretty solid however for over 2 years they have not added much share holder value. Some of us have added our own value by significantly trading on the dips and ups. I myself have made a considerable amount doing this however it is not for the faint of heart.
Management needs to get serious and declare a 3-4 percent dividend. This will chase the shorts and open up the stock to many funds that require dividend stocks in them. The argument I keep hearing for folks on the board Is that they don't want a dividend they want a growth stock. I keep asking how's this working for you so far?
Personally I rather see a dividend rather than a take out. If the sp doesn't go north of $7.40 soon then I would take either. The activity next week will be telling. If LEG has a blow out quarter like everyone thinks and the stock doesn't pop 10 percent then we will will know who is running the company. The shorts and not management.